Are you a Maine resident? If either the account owner or the account beneficiary is a Maine resident, contributions, including gifts, may be matched with Maine’s annual NextStep Matching Grant1. Contributions will be matched by 50% every year, up to a $300 match.
Once you’ve made a contribution, download & print one of the cards pictured below.
Simply add your name and the child’s name, roll it up and tie it with a bow.
Grandparents, or any family members or friends who have the financial means to make a significant contribution, may want to consider front-loading their contributions. You can contribute five years’ worth of annual $14,000 gifts for a total of up to $70,000 per contributor ($140,000 for married couples), per beneficiary, without having to pay a federal gift tax, as long as you do not make any additional gifts to your beneficiary for the next five years3.